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Titanium Dioxide Market Size will show exponential growth in the coming years

Author : Ronak Bora | Published Date : 2019-06-10 

Global Market Insights, Inc. added research on titanium dioxide market size is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, market also includes an in-depth study of the industry’s competitive scenario.

Paint & coating industry is deemed to a profitable quotient for titanium dioxide market owing to increase in paint & coating applications in automobile, building & construction, etc. It acts as a whitener which scatter visible light resulting in opaque color and creates reflective, bright quality when applied to a surface. Various government rules for endorsement of non-toxic whitener will surge the market growth.

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The use of titanium dioxide in cosmetic industry is also a positive indicator for the growth of the titanium dioxide market due to its application in skincare and makeup products. It is used as a thickener and pigment for creams, and in sunscreen products owing to its transparent and UV absorption characteristics. The primary hindrance in the growth path of market is the high cost and carcinogenic effect of the product.

Based on process, titanium dioxide market is bifurcated as sulfate process and chloride process. The sulfate route is the most commonly used process with simple technology which use low grades & cheaper ores and are able to produce both anatase and rutile grade pigments whereas chloride route is a new technology which needs high grade ore and produce only rutile pigments Owing to the advantage of the sulfate process, this segment will account for a substantial share of the titanium dioxide market size in the forecast timeframe.

Based on the product, the industry is bifurcated into pigment and ultrafine. The pigmentary titanium dioxide particle size should be between 200-350nm which is half of wavelength of light to be scattered to provide high refractive index and high absorption rate. Ultrafine titanium dioxide particle size is less than 100 nm which increase the transparency and UV absorption abilities. It is not used as a colorant owing to Nano size and mostly used in cosmetic, food, catalyst, and semiconductors. The widen application spectrum of pigmentary titanium dioxide in paints, plastics, rubber, printing inks and others will contribute towards the upward trend in consumption of titanium dioxide which will in turn propel the titanium dioxide market growth.

On application basis, the market is diversified into paints & coatings, paper & pulp, textiles, plastics & rubber, cosmetics, printing inks and others including catalyst, water treatment agent, welding electrode, food colorant, pharmaceuticals, etc. Among all, the global product market is likely to be led by paints & coatings segment owing to high hiding property which protects the material from degradation and reduces inorganic air pollutants such as sulfoxides and nitrogen oxides. The products usage in coating of plastics owing to low scratch resistance will also stimulate the titanium dioxide market growth.

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Europe is likely to have substantial growth and will hold major chunk of the titanium dioxide market size due to increasing demand of cosmetic products in Italy, UK, Germany and France. Increase in disposable income and awareness regarding personal grooming will propel the market in next seven years.

The key participants in the titanium dioxide market are The Chemours Company, Travancore Titanium Product Ltd., Tronox Limited, Kilburn Chemicals, Parshwanath Dye Stuff Industries, Jianghu Titanium White, Venator Materials PLC (Huntsman Corporation), Cristal ACTiV, The Kerala Minerals & Metals Ltd, Shanghai Jiuta Chemical Co., Ltd., Kronos, Argex Titanium Inc., GRUPA AZOTY, Titanos Group, Cinkarna Celje, etc.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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